Cost accounting provides the management of a company with the information it needs to operate the business effectively. It differs from financial accounting in its focus on principles of costing ...

Cost accounting may not be the most exciting way for a business owner to spend a Friday night. However, understanding the basics of cost accounting can help you track costs, increase profits ...

This methodology, designed for reimbursement, is not based on sound cost accounting principles and is not a substitute for a cost accounting system. The other RCC method is even less accurate ...

For a small business, accounting involves tracking money flow in various forms, including operating expenses (e.g., marketing, utilities, rent), cost of goods sold, accounts receivable and sales.

Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society committee, and has a degree in accounting and finance from DePaul University. Cost basis is the original value of an asset for ...

As a result, CPAs, operations personnel and consultants have begun to question the role of standard cost accounting. This article explains the basics of lean manufacturing and why CPAs may need to use ...

fizkes / Getty Images Tax lot accounting is a record-keeping technique that traces the dates of purchase and sale, cost basis, and transaction size for each security in your portfolio, even if you ...

The author and editors take ultimate responsibility for the content. Generally accepted accounting principles, or GAAP, is a set of accounting standards followed by most U.S. businesses ...

Cost accounting is an essential activity for laboratory animal facility management. Reasons for carrying out cost accounting include establishing the actual costs of facility operations; assessing ...

Federal regulations require that similar costs be treated consistently as either direct costs or indirect costs, in like circumstances. This regulation imposes a requirement on the University to ...